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The Quantum Group, Inc. Completes $13.2 Million Public Offering and Initiates Trading on the American Stock Exchange Under Symbol 'QGP'
Date:12/13/2007

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Quantum intends to use the net proceeds from this offering to further develop its medical service provider networks and management support services, repay debt, expand its technology platform, pay accrued compensation to its executive management and for general working capital purposes.

A registration statement related to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there by any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Offers may only be made by means of a written prospectus. A copy of the final prospectus relating to the offering may be obtained from: Paulson Investment Company, Inc., 811 SW Naito Parkway, Suite 200, Portland, Oregon 97204.

The Quantum Group, Inc., a Wellington, Florida-based company, through its subsidiary companies, including Renaissance Health System of Florida, Inc. (RHS) (http://www.RHSFL.com), offers administrative and support business solutions for health maintenance organizations that market Medicare Advantage managed healthcare plans and to healthcare providers in the state of Florida. Through its growing number of nearly 1,600 contracted physicians and managed care relationships in the state of Florida, the Company believes it is positioned to bring increased efficiencies to the Florida healthcare industry.

Certain statements contained in this news release, which are not based on historical facts, are forward-looking statements as the term is defined in the Private Securities Litigation Reform Act of 1995, and are subject to substantial uncertainties and risks in part detailed in the respective company's Securities and Exchange Commission 10-KSB, 10-QSB, S-8 and 8-K fili
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SOURCE The Quantum Group, Inc.
Copyright©2007 PR Newswire.
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